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Thailand Moves Against Foreign Firms
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Thailand Moves Against Foreign Firms

Our Correspondent
Jan 10, 2007
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Thailand Moves Against Foreign Firms
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Thailand's military-appointed

government raised the specter of protectionism and sparked a steep drop in stock prices Tuesday when it acted to halt

the longstanding practice of using nominee firms to bypass the 49% foreign

ownership restriction.

The market responded with a 17 point drop on the Stock Exchange of Thailand, or nearly2.7 percent, after the cabi…

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